Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1887-10-11
TRUST CERTIFICATES.
A New and Interesting Feature in Life
Insurance.

A New and Interesting Feature in Life
Insurance.
We wonder if people in general who in
sure their lives, have any proper concep-
ton of the number of busy brains who are
all the time trying to devise some better
plans whereby they may be better served.
We do not suppose they have, otherwise,
they would more eagerly seek the benefits
of Reinsurance, which now must be
thrust upon them, by able and expert
enced canvasSerS.
1t is a fact, however, that those life in
surance companies who are abreast OF the
times, who try 20 the best of their ability
to serve their patrons, are constantly at
work endeavoring to devise some new
plans which shall fit the varied circum-
stances of their many applicants for life
insurance.
The science, profession or business OF life
insurance has made vast strides in the last
few years, especially in the last decade,
and many plans are now offered to the in
suring public which would not have been
thought possible ten years ago.
The professions Of medicine, law and art
have advanced materially an the last ten,
fifteen or twenty years, and life insurance
has not been behind in the race.
Solomon said there is nothing new I'M
der the SUM-" hut life insurance wss not
much in vogue then, at least We have no
record OF it.
The Trust Certificates of the Penn Mu-
tual Life insurance Company meet a want
on the part of the insuring public which
has never been filed up to the present
time. Without going into figures, it may
be said that the company under this form
takes the place which would ordinarily be
taken by the executor of the will of the
deceased or the administrator OF his estate.
One ofthe ablest of the many able agents
in the employ Of the Penn Mutual, some
months ago called their attention to the
fact that objection was sometimes made to
the payment in full of the amount named
in the policy in case of death, because OF
the possibility that such sum would
either be s%quandered or invested insecurity,
thus defeating the object of the party who
insured his life for the benefit of loved
ones that he might leave behind him.
The clear headed officials who manage
the interests vi lHC L CiH MUTUAL NGlt QuiCh
to see the objection urged, and as quickly
devised the Trust Certificate, in order that
there be no ground Tor this objection to lie
insurance as ordinarily practiccd. Under
the forms OF this policy a party desiring to
leave say So 900 TO IA beneficiary in case OF
death, may incorporate in the trust the
condition that the principal sum shall be
paid in 10, 10 OF 20 yearly installments in
stead of III one sun, thus providing an an
nuity for as many years rs he chooses,
certain, safe and beyond the reach of
creditors, spectators or bad ad-
yisers. 1t might be thought that
this form of insurance would he more
expensive than the ordinary forms, hut
such is not the case, in fact it is afforded
at u cost OF about thirty per cent. lower
no matter what the term selected. Take
for instance a 20 year, endowment at age
40, the ordinary rate would be something
over $50 % per $1,000, while the trust Ger
tifcate at that age payable in 20 years
will cost only $500. This plan not only
insures q certain sum in case of death, but
takes care of the money after the premium
payer passes away. No occasion for placing
confidence in guardians, executors or even
good friends, as the Penn Mutual will
stand in their stead.
This plan of insurance evidences the
careful thought of brilliant minds, it shows
that the officers of the Penn Mutual Life
Insurance Company are not only alive to
the needs of the insuring public, but are
determined to aid their agents in every
Legitimate way so far as popular plans of
insurance are concerned.
This plan of insurance will be easily
worked, it will attract the attention Of
very many persons who have hitherto not
taken any life insurance, and very many
will be induced to add to the insurance
they already have, because of its attractive
features. With increasing age this ster.
ling lie company evinCes increased vital
ity, and as there is nothing so successful as
success, we shall be greatly surprised if
many new agents are not attracted to the
Penn Mutual because of the liberal treat
ment accorded its %canvaSsers, and the issu-
ance of the Trust Certificates.
The Company is represented in this State
by John l.. Schilling, Esq of this city.